FX:AUDJPY Australian Dollar/Japanese Yen
Greater than 1:1 Risk Reward where targets are set at the next level of structure or earlier.
Some good Ratio confluence and a potential test of the trend line if price action reaches this level.
Potential Fib Inversion trade setup on the 1HR where the potential entry level is within our defined kill zone.
A potential long trade can be taken. Keeping an eye on a reversal pattern on the 1HR, 4HR or Daily.
IF price action puts in a double bottom, then we can either look to enter at the next bar market open or wait for a 2618 set-up for a more conservative entry.